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Streaming video service Iflix raises more than $50 million led by Fidelity International as it prepares to go public

Iflix, the stream video services which are participates with Netflix in Southeast Asia and other rising groceries, announced today that it has raised a new round of funding led by Fidelity International, with participation from returning investors Catcha Group, Hearst, Sky and EMC. The Malaysia-based company did not disclose the amount of the round, but said it totals more than $ 50 million and will be used for growth ahead of a potential public offering.

Iflix too computed new media companionships as investors, including MNC, Yoshimoto Kogyo and JTBC, from Indonesia, Japan and South Korea, respectively. The company currently claims 17 million active useds, up from 9 million six months left. In a press release, co-founder and chairwoman Patrick Grove said ” These financings are a clear affirmation of IFlix’s business example and growth expectations, and strengthens our ties to some of the region’s largest providers of local content .”

The company announced seven months ago that it had sold off its remaining shares in its Africa business, announced Kwese Iflix, to focus on its markets in Southeast Asia and the Middle East. The latest round brings its total funding parentso far to more than $ 350 million, according to Crunchbase.

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About the author, Gregg Kell

Entrepreneur, Business Success Partner and Shaping The Future Podcast Host.

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